a bonus paid on a life insurance policy when the holder reaches a certain age or dies
Examples of 'terminal bonus' in a sentence
terminal bonus
This year the terminal bonus figure dropped by nearly 13,000.
Times, Sunday Times (2006)
Most with-profits policies hold out the prospect of a terminal bonus, but this is discretionary and only paid where justified by investment performance.
Times, Sunday Times (2012)
However, some policies specifically defined how a minimum terminal bonus would be calculated, provided you stay with the company until an agreed retirement date.
Times, Sunday Times (2012)
With-profits bonds appeared to promise the earth: high bonus rates, security of capital, penalty-free encashment after five years, with maybe a terminal bonus.
Times, Sunday Times (2006)
If you cash in the policy before it matures, you will not receive a terminal bonus and might be hit with a market value reduction.
Times, Sunday Times (2008)
Surrender values rarely offer good deals and in five years the economy should have recovered, giving you a decent terminal bonus.
Times, Sunday Times (2009)
Bonuses have dwindled to nothing in many cases and the terminal bonus is often hardly worth the wait.
Times, Sunday Times (2010)
He has also been told that his terminal bonus - which previous statements suggested might be worth more than 30,000 - would be zero.
Times, Sunday Times (2006)
We never planned to surrender the policies and thought there would be some kind of terminal bonuses.
Times, Sunday Times (2017)
He needs to review current and past bonus rates declared by the provider and the likelihood of terminal bonuses.